Thursday Feb 5th: Value

Value: noun
1. relative worth, merit, or importance
8. import or meaning; force; significance

"The value of money is determined, like that of other commodities, by the principle of demand and supply. " "Money And Banking", by John Thom Holdsworth

Value becomes subjective in the hands of a allegedly free market, controlled by supply and demand. What the people need, desire, approve, purchase, and or afford becomes of value. If something is marked as undesirable, offensive, threatening, negative, unwanted and or overpriced, it's value then declines.

This is specific to the economical scene, but holds strong into other issues. Society assigns value based on numerous factors. The desirable body type, personality, job, religion, etc shifts over time. Our societies taxonomy, in it's extreme subjectivity, affects everything.

Has the value of a building degenerated because it no longer services your vehicle? Could it be worth something, even as a signifier that change is approaching? Maybe a loss doesn't exist at all; simply a transition from one energy source to another. We should try to shed our old standards of a success (a booming oil business) and look ahead to something better.